The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
200 jobs Number of planned job losses
Announcement Date
17 November 2008
Employment effect (start)
5 January 2009
Foreseen end date
Description
Pirelli, a company which operates mainly in the tyre and real estate sectors, is to cut 200 jobs in Italy. The job losses will affect 140 workers at Pirelli Tyre and 60 workers at Pirelli RE, the Pirelli Group's company which operates in the real estate sector. The company has taken this decision in order to reduce its operative costs and create adequate conditions to tackle the recent economic crisis.
Pirelli has around 31,000 employees worldwide. While Pirelli RE operates in the real estate sector and employs around 1,200 people in Italy, Pirelli Tyre is the fifth in the world in terms of revenue with 24 manufacturing plants in 12 countries around the world and around 25,169 employees. In Italy, Pirelli Tyre has five plants and around 4,000 employees.
Sources
17 November 2008: Il Diario del lavoro
18 November 2009: Il Sole 24 Ore
Citation
Eurofound (2008), Pirelli, Internal restructuring in Italy, factsheet number 67516, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67516.
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